Q2 Holdings price target raised to $93 from $74 at Piper Sandler
The Fly

Q2 Holdings price target raised to $93 from $74 at Piper Sandler

Piper Sandler raised the firm’s price target on Q2 Holdings (QTWO) to $93 from $74 and keeps a Neutral rating on the shares. The firm notes Q2 Holdings’ Q3 results came in ahead of expectations, with revenues of $175M, which flowed through to EBITDA of $32.6M. Growth was driven by subscription revenue of 18% and offset by services and other decline of -11%. Piper views this continued mix shift to higher subscription revenue as a positive, given the higher margin profile of subscription revenues.

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